ERICSSON LIMITED
Company Information
- Company Number
- 00942215
- Registered Address
- 14th Floor, Thames Tower, Station Road, Reading, Berkshire, England, RG1 1LX
- Status
- Active
- Employee Count
- 1,508
- Turnover
- £594,572,000
- EBITDA
- £18,691,000
Additional Details
- Website
- https://ericsson.com/uk
- Company Type
- Private limited Company
- Incorporated On
- 12 November 1968
- Nature of Business
- 61200 - Wireless telecommunications activities
- Industries
- Telecommunications
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 17 Jul 2025 | 61 | 11% | 65% | 24% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Jan 2025 | 65 | 16% | 56% | 28% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 76 | 11% | 45% | 44% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 84 | 5% | 48% | 47% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 73 | 10% | 51% | 39% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 80 | 8% | 43% | 49% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 79 | 9% | 47% | 44% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 92 | 11% | 27% | 62% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 81 | 12% | 34% | 54% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 65 | 16% | 44% | 40% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 61 | 18% | 41% | 41% | 7% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
90 days. No changes were made to the standard payment terms during the reporting period. If we agree Supply Chain Financing with Suppliers, this maybe increase. This is currently 180 days for the suppliers with which this is in place.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoicing and payment shall be made electronically via PDF in accordance with Ericsson’s instructions. Paper invoicing is no longer supported. A valid invoice shall at a minimum contain a reference to the PO, Seller’s name and address, and specification of the Products or Services purchased. With deviation from what otherwise may be provided for under applicable law, it is expressly agreed that payment shall be effected within ninety (90) days from the date of complete and successful delivery of the Products or Services, including any documents, and receipt of a correct invoice. Further guidelines and requirements for invoices, including support for e-invoicing and supplier self-service can be found at http://www.ericsson.com/thecompany/sourcing/supplier-partner-resources/invoicing-payments. In case of delayed payment of approved invoices, the seller shall notify Ericsson thereof and Ericsson shall thereafter expedite the payment.
Maximum contractual payment period agreed
90
Dispute Resolution Process
If the dispute cannot be resolved through the regular Sourcing contact, then the general position is that the dispute would initially be escalated to the UK Head of Vendor Management and if not resolved, would be escalated further to the UK Head of Sourcing for final resolution. If the dispute is not resolved at this stage, the dispute resolution process outlined in the General Services Agreement between Ericsson and the Supplier will be affected. This involves notification of the Managing Directors of both parties, a mediation request made and being granted, and Expert determination being consulted. In the event that the dispute is not resolved by these means, the dispute goes to arbitration, involving legal (and ultimately court) proceedings.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Ericsson Limited is a multinational telecommunications company that provides a wide range of products and services to its customers. The company was founded in 1876 and is headquartered in Stockholm, Sweden.
Ericsson Limited offers a variety of sustainable solutions to its clients, focusing on reducing their environmental impact and promoting social responsibility. The company has set ambitious goals to reduce its own carbon footprint and increase its use of renewable energy sources. They also work closely with their suppliers to ensure sustainable practices throughout their supply chain.
The company's products and services include mobile networks, cloud computing, internet of things (IoT) solutions, and digital services for both consumers and businesses. Ericsson Limited is a leader in 5G technology and has been actively working towards building a more connected and sustainable future.
Some key people leading the company include Börje Ekholm as the President and CEO, Fredrik Jejdling as Executive Vice President and Head of Business Area Networks, and Erik Ekudden as Senior Vice President and Chief Technology Officer.
Ericsson Limited can be contacted through their website, www.ericsson.com, or their registered office address at Ericsson House, 1 Guildford Street, London, WC1N 1EH, United Kingdom. With its commitment to sustainability and innovative products and services, Ericsson Limited continues to play a crucial role in shaping the future of telecommunications.
